Kosovo's public debt rose 16% y/y to EUR 475.7mn at end-December 2013, accounting for 9.1% of the full-year GDP projection, up from 8.4% of GDP a year earlier, the finance ministry reported. The net increase in public debt resulted from the issuance of EUR 308mn worth of Treasuries last year.
External debt amounted to EUR 323.2mn at end-2013, equal to 68% of all debt. It shrank 4% on the year. The largest part of the debt is owed to the IBRD (63%) and another significant part is owed to the IMF (33%). Three-quarters of the foreign debt is denominated in EUR and the rest is SDRs.
Meanwhile, the government's domestic debt more than doubled to EUR 153mn at the end of last year. Its maturity structure is divided into one-year T-bills (36%), six-month T-bills (54%) and three-month T-bills (10%).
|Kosovo's public debt, EUR mn||2009||2010||2011||2012||2013|
|Central Government: State Guaranteed||0.0||0.0||0.0||0.0||0|
|% of GDP||6.4%||6.2%||5.5%||8.4%||9.1%|
|Source: statistics office (KAS)|
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